The Key Man
How the Global Elite Was Duped by a Capitalist Fairy Tale
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The Key Man
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Narrated by:
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Peter Noble
About this listen
Brought to you by Penguin.
In this compelling story of greed, chicanery and tarnished idealism, two Wall Street Journal reporters investigate a man who Bill Gates and Western governments entrusted with hundreds of millions of dollars to make profits and end poverty but now stands accused of masterminding one of the biggest, most brazen frauds ever.
Arif Naqvi was charismatic, inspiring and self-made. The founder of the Dubai-based private-equity firm Abraaj, he was the key man to the global elite searching for impact investments to make money and do good. He persuaded politicians he could help stabilize the Middle East after 9/11 by providing jobs and guided executives to opportunities in cities they struggled to find on the map. Bill Gates helped him start a billion-dollar fund to improve health care in poor countries and the UN and Interpol appointed him to boards. Naqvi also won the support of President Obama's administration and investors, who compared him to Tom Cruise in Mission: Impossible.
The only problem? In 2019, Arif Naqvi was arrested on charges of fraud and racketeering at Heathrow airport. A British judge has approved his extradition to the US, and he faces up to 291 years in jail if found guilty.
Populated by a cast of larger-than-life characters and moving across Asia, Africa, Europe and America, The Key Man is the story of how the global elite was duped by a capitalist fairy tale. Clark and Louch's thrilling investigation exposes one of the world's most audacious scams and shines a light on the hypocrisy, corruption and greed at the heart of the global financial system.
©2021 Simon Clark (P)2021 Penguin AudioListeners also enjoyed...
What listeners say about The Key Man
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- LondonBubble
- 14-01-24
Very well narrated
To the point not too much beating around the bush
As with all left leaning globalists communists and marxists the centre of the world is themselves
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1 person found this helpful
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story4 out of 5 stars
- Hasna Kasmi
- 16-05-24
Very truthful
I couldnt read this book for years, as it was too painful. I was working for a private equity fund in dubai with similar culture. i grew up as one of those juniors in private equity fund that witnessed abuse but too afraid to speak up. The one man show culture is very common in many funds and living the billionaire lifestyle with other people’s money. Its painful / i love my profession but the leaders that manage to move up the ranks often show personality disorders and cruelty. Ethics is missing - I dont know whether this will ever be solved. The LPA agreements with GPs needs to change - they should not indemnify managers - they should feel the pain - they will think twice before taking reckless decisions
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Overall4 out of 5 stars
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Performance4 out of 5 stars
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Story4 out of 5 stars
- Olly Buxton
- 23-09-21
here we go again
The Abraaj scandal hasn't attracted half as as much publicity as similar takes of greed and hubris, bit it's every bit as outrageous. This is good, detailed account, with a total evisceration of stakeholder capitalism right at the end of the epilogue. Good stuff.
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2 people found this helpful
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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- DC
- 03-11-21
Democracy in peril by Davos elites
Gripping story of how the self satisfied elites are duped by their own story and delusions
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1 person found this helpful
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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- Kindle Customer
- 10-08-21
Excellently written and thought provokingly
Outstanding description of the rise and fall of an Impact Investing superstar. A must read for the Davos crowd + maybe more importantly Davos Wannabees...!
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Overall5 out of 5 stars
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- Neha
- 29-04-23
Very well written and insightful
Very detailed and thoughtfully explained on the inner workings of Abraaj. Told like a movie and very gripping,
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Overall5 out of 5 stars
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- Dr Sharad Nair
- 02-08-21
lack of humility when successful!!!
awesome book which teaches you how ego leads to fraud & illusions leading to destruction
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1 person found this helpful
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Overall4 out of 5 stars
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Performance5 out of 5 stars
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- Anonymous User
- 19-08-21
What impact had Abraaj?
The Key Man is a riveting account of the meteoric rise and crash of Arif Naqvi, the Pakistani guiding light behind Abraaj, an investment firm that for a time was the darling of the international development and impact investment world. Well researched story by two WSJ reporters, from Davos to the Karachi backstreets, of how Naqvi hoodwinked the global do-good elite with eloquent appeals which masked megalomanic excess and depravation. Alas the real losers are the 3rd world entrepreneurs and small companies who never got funded as a result.
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1 person found this helpful
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Overall4 out of 5 stars
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Story3 out of 5 stars
- kingfrederik
- 23-01-22
it's ok
it's really a shame as usually big frauds like this have crazy twists or reveals, this just felt like a regular fraud.
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Overall5 out of 5 stars
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Performance4 out of 5 stars
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- Ali A Salam
- 22-12-22
Very well read and entertaining
Recommended- gripping story and very well narrated by Peter noble - would be interesting in listening more audios about the abraaj debacle
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